The value of an article is Rs.36000.If it is depreciated by Rs.6840 in 2 years,find the rate of depreciation. Please , give me step by step explanation with solution.
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Step-by-step explanation:
article price=36000
2year depreciated=6840
1year=3420
rate
36000* x/100=3420
x=3420/360
=9.5%
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